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Greece

Greece's former finance minister under the radical Syriza government offers a revealing tell-all about modern capitalism through his battles over Greece’s debt with the “Troika”: the International Monetary Fund, the European Commission and the European Central Bank (ECB), and eventually with his own prime minister.

This volume is an insider's account of Greece's recent struggle to preserve the general welfare of its people in the fact of the belt-tighening demands of the managers of the international financial system. Reviewer Rensin offers an assessment.

We must include migrants and refugees in the people, politically and institutionally in the sense of full social and political rights but also ideologically in the terms of how we define the “us vs. them” in our societies. We need to redefine the people –or even the “nation”– as the unity in struggle of all the subaltern classes. This is an answer to “identity politics” than chauvinism in the name of “secularism," and an answer to neo-liberal cosmopolitanism.

The left has been in disarray since 1991 - it never fully recovered from the collapse of the Soviet Union, despite widespread opposition to Stalinism and -authoritarianism. In the past two decades, we have witnessed a major spasm of global capitalism that has triggered a long deflationary period across the United States and Europe. Just as the Great Depression did in the 1930s, this has created a breeding ground for xenophobia, racism and scapegoating.

Can the EU still unite a continent shattered by world wars, or is it little more than a vehicle for austerity capitalism? Soon British voters will vote on Brexit - leaving the EU. Given the absence of a strong, continent-wide left, however, reversing the current economic rules of the EU may be a country-by-country battle.

Across Europe, voters are turning to far-right parties, won over by nationalism, anti-immigrant hysteria and failed economic policies of austerity. In Germany, France, Poland, Hungary and Sweden, far right parties have made gains. Left political parties in these countries have not been as successful as those in Spain, Portugal, Ireland and Greece.